investmentguruindia intraday tips free MCX auto buy sell signal 30 July Evening
Technical Outlook for evening session – 30th July’14 ( CMP as of 4.00 pm)
Commodity----Unit----Support 2----Support 1----CMP----Resistance 1----Resistance 2
Gold----Aug’14----Rs/10----gm----27580----27680----27800----27910----28030
Spot----Gold----$/oz----1287----1292----1298----1304----1310
NCDEX----Gold----hedge----July’14----25020----25100----25219----25300----25390
Silver----Sept’14----Rs----/kg----43650----43900----44268----44480----44800
Spot----Silver----$/oz----20.25----20.4----20.56----20.7----20.86
NCDEX----Silver----hedge----Aug’14----3950----3975----4006----4030----4060
Crude----Oil----Aug’14----Rs----/bbl----6045----6075----6111----6135----6170
Nymex----Crude----Oil----Sept’14----$/bbl----100.15----100.7----101.35----101.9----102.55
Natural----Gas----July’14----Rs----/mmbtu----226----229----231.2----234----237
LME----Copper----$/tonne----6965----7005----7060----7100----7150
Copper----Aug’14----Rs----/kg----423----425----428.35----430----433
Zinc----July’14----Rs----/kg----139.7----140.5----141.4----142----142.8
Lead----July’14----Rs----/kg----131.4----132.2----133.35----134----135
Aluminum----July’14----Rs----/kg----117----117.8----118.8----119.2----120
Nickel----July’14----Rs----/kg----1100----1110----1122----1130----1142
International Commodities
News and Analysis
European markets are trading on a negative note today. Asian markets ended higher and US stock futures are trading in the green.
Spot gold prices are trading lower in the international markets as markets nervously await the outcome of the FOMC meeting due tonight. There are wide expectations that the committee might scale down its bond buying programme further (and possible winding by October 2014) indicating growth and optimism in the US economy. Also, Investors are reluctant to take big positions ahead of major U.S. economic data this week, including GDP on Wednesday and non-farm payrolls on Friday. While the focus will be on the Fed statement, markets are also eyeing developments on the geopolitical front for any worsening of tensions in the Middle East and Ukraine. On the MCX, gold prices are trading lower by 0.23 percent at Rs.27801/10 gms
Spot silver prices are trading on a flat note as further direction in silver prices would be dependent on gold prices which are dependent on the outcome of the FOMC minutes due tonight. Besides, weakness in the base metals pack and strength in the DX is exerting downside pressure on prices. On the MCX, silver prices are also trading flat at Rs.44270/kg.
Base metals on the LME apart from Aluminium are trading on a negative note owing to cautious stance of investors ahead of FOMC meeting due tonight. Also, mixed trend in inventories exerted downside pressure on prices. In the Indian markets, base metals traded lower in line with international trends.
LME Copper prices fell by 0.2 percent today as investors awaits the outcome of the FOMC meeting. Also, news of resumption of copper exports by Freeport in August after the company got approval from Indonesia government acted as negative factor. However, decline of more than 1 percent in inventories for the fourth day along with estimates of favorable US GDP restricted sharp fall. On the MCX, copper prices are trading lower by 0.3 percent.
NYMEX crude oil prices are trading range bound as ample supplies and political risk offset each other. The European Union and the United States on Tuesday announced further sanctions against Russia, in the strongest international action yet over Moscow's support for rebels in eastern Ukraine. While there has been no major disruption to oil supplies due to tensions in the Middle East, Africa and Europe, fears that exports could be dented continued to underpin crude prices. On the MCX, crude prices are trading marginally higher by 0.23 percent at Rs.6102/bbl.
Outlook
We expect gold and silver prices to trade lower as the FED will probably consider winding down of QE programme besides giving hint of possible rise in the interest rates which can exert downside pressure on prices.
Crude oil prices will likely follow news and developments from Russia as the European Union and the United States on Tuesday announced further sanctions against Russia which can possibly dent crude and natural gas supplies supporting prices.
Base metals are likely to trade sideways today ahead of outcome of the FOMC meeting. Further, estimates of positive GDP data from the US will prevent sharp fall in prices.
Important Events for Today
Indicator-------------------------------- Country Time (IST) Actual Forecast Previous Impact
Prelim Industrial Production m/m--------- Japan------- 5:20am -3.3% -1.0% 0.7% Medium
German Prelim CPI m/m----------------- Euro ----------All Day - 0.2% 0.3% High
Spanish Flash CPI y/y -------------------Euro -----------12:30pm -0.3% 0.2% 0.1% Medium
Spanish Flash GDP q/q ------------------Euro--------- 12:30pm 0.6% 0.5% 0.4% Medium
Italian 10-y Bond Auction ----------------Euro ---------Tentative - - 2.81/1.4 Medium
ADP Non-Farm Employment Change----- US ----------5:45pm - 234K 281K High
Advance GDP q/q----------------------- US----------- 6:00pm - 3.1% -2.9% High
Advance GDP Price Index q/q---------- US ------------6:00pm - 1.8% 1.3% Medium
Crude Oil Inventories------------------- US ------------8:00pm - -1.5M -4.0M Medium
FOMC Statement---------------------- US------------- 11:30pm ------------ - - High
Federal Funds Rate-------------------- US -------------11:30pm - <0.25% <0.25% Medium
( For any personal query mail me at support@mamatainfotech.com or call me at +91 9932242442, 9932461166 )
Technical Outlook for evening session – 30th July’14 ( CMP as of 4.00 pm)
Commodity----Unit----Support 2----Support 1----CMP----Resistance 1----Resistance 2
Gold----Aug’14----Rs/10----gm----27580----27680----27800----27910----28030
Spot----Gold----$/oz----1287----1292----1298----1304----1310
NCDEX----Gold----hedge----July’14----25020----25100----25219----25300----25390
Silver----Sept’14----Rs----/kg----43650----43900----44268----44480----44800
Spot----Silver----$/oz----20.25----20.4----20.56----20.7----20.86
NCDEX----Silver----hedge----Aug’14----3950----3975----4006----4030----4060
Crude----Oil----Aug’14----Rs----/bbl----6045----6075----6111----6135----6170
Nymex----Crude----Oil----Sept’14----$/bbl----100.15----100.7----101.35----101.9----102.55
Natural----Gas----July’14----Rs----/mmbtu----226----229----231.2----234----237
LME----Copper----$/tonne----6965----7005----7060----7100----7150
Copper----Aug’14----Rs----/kg----423----425----428.35----430----433
Zinc----July’14----Rs----/kg----139.7----140.5----141.4----142----142.8
Lead----July’14----Rs----/kg----131.4----132.2----133.35----134----135
Aluminum----July’14----Rs----/kg----117----117.8----118.8----119.2----120
Nickel----July’14----Rs----/kg----1100----1110----1122----1130----1142
International Commodities
News and Analysis
- Markets cautious ahead of FOMC meeting tonight.
- US crude oil stocks expected to decline by 1.5 mn bbl – Reuters.
- LME Copper stocks decline for the fourth day in a row.
European markets are trading on a negative note today. Asian markets ended higher and US stock futures are trading in the green.
Spot gold prices are trading lower in the international markets as markets nervously await the outcome of the FOMC meeting due tonight. There are wide expectations that the committee might scale down its bond buying programme further (and possible winding by October 2014) indicating growth and optimism in the US economy. Also, Investors are reluctant to take big positions ahead of major U.S. economic data this week, including GDP on Wednesday and non-farm payrolls on Friday. While the focus will be on the Fed statement, markets are also eyeing developments on the geopolitical front for any worsening of tensions in the Middle East and Ukraine. On the MCX, gold prices are trading lower by 0.23 percent at Rs.27801/10 gms
Spot silver prices are trading on a flat note as further direction in silver prices would be dependent on gold prices which are dependent on the outcome of the FOMC minutes due tonight. Besides, weakness in the base metals pack and strength in the DX is exerting downside pressure on prices. On the MCX, silver prices are also trading flat at Rs.44270/kg.
Base metals on the LME apart from Aluminium are trading on a negative note owing to cautious stance of investors ahead of FOMC meeting due tonight. Also, mixed trend in inventories exerted downside pressure on prices. In the Indian markets, base metals traded lower in line with international trends.
LME Copper prices fell by 0.2 percent today as investors awaits the outcome of the FOMC meeting. Also, news of resumption of copper exports by Freeport in August after the company got approval from Indonesia government acted as negative factor. However, decline of more than 1 percent in inventories for the fourth day along with estimates of favorable US GDP restricted sharp fall. On the MCX, copper prices are trading lower by 0.3 percent.
NYMEX crude oil prices are trading range bound as ample supplies and political risk offset each other. The European Union and the United States on Tuesday announced further sanctions against Russia, in the strongest international action yet over Moscow's support for rebels in eastern Ukraine. While there has been no major disruption to oil supplies due to tensions in the Middle East, Africa and Europe, fears that exports could be dented continued to underpin crude prices. On the MCX, crude prices are trading marginally higher by 0.23 percent at Rs.6102/bbl.
Outlook
We expect gold and silver prices to trade lower as the FED will probably consider winding down of QE programme besides giving hint of possible rise in the interest rates which can exert downside pressure on prices.
Crude oil prices will likely follow news and developments from Russia as the European Union and the United States on Tuesday announced further sanctions against Russia which can possibly dent crude and natural gas supplies supporting prices.
Base metals are likely to trade sideways today ahead of outcome of the FOMC meeting. Further, estimates of positive GDP data from the US will prevent sharp fall in prices.
Important Events for Today
Indicator-------------------------------- Country Time (IST) Actual Forecast Previous Impact
Prelim Industrial Production m/m--------- Japan------- 5:20am -3.3% -1.0% 0.7% Medium
German Prelim CPI m/m----------------- Euro ----------All Day - 0.2% 0.3% High
Spanish Flash CPI y/y -------------------Euro -----------12:30pm -0.3% 0.2% 0.1% Medium
Spanish Flash GDP q/q ------------------Euro--------- 12:30pm 0.6% 0.5% 0.4% Medium
Italian 10-y Bond Auction ----------------Euro ---------Tentative - - 2.81/1.4 Medium
ADP Non-Farm Employment Change----- US ----------5:45pm - 234K 281K High
Advance GDP q/q----------------------- US----------- 6:00pm - 3.1% -2.9% High
Advance GDP Price Index q/q---------- US ------------6:00pm - 1.8% 1.3% Medium
Crude Oil Inventories------------------- US ------------8:00pm - -1.5M -4.0M Medium
FOMC Statement---------------------- US------------- 11:30pm ------------ - - High
Federal Funds Rate-------------------- US -------------11:30pm - <0.25% <0.25% Medium
( For any personal query mail me at support@mamatainfotech.com or call me at +91 9932242442, 9932461166 )
